Dividends that are invested in a different account

You've done three things, and you will need a separate transaction for each one:

1. Stock paid a dividend in cash
2. Transfer cash to another account.
3. Buy stock from cash in recipient account.

OK, thanks, I'm sure that would work but it's not clear from the statements that your three steps occurred. There is no visible 'middle' account. It's just div in fund A paid $ to money market B, say 50 shares at $1 each. Money market acct B isn't exactly cash. Does this info change your recommondation? It's a bit more robust explanation. I'm not eager to create a virtual cash acct to handle this kind of thing, which almost sounds like what I'd have to do per your suggestion.

It may not look like that's what has happened (and you don't need to create a 'virtual cash' acct), but that is effectively the result.

Nevertheless, the last two steps can actually be combined into one. Instead of doing a separate cash transfer of step 2 below, when you buy the stock in acct 'B', use a BoughtX transaction. That is, instead of "use cash from this account's balance", click the other option which allows you to enter the transfer account 'A' that the cash came from.

vcard

: > 1. Stock paid a dividend in cash : > 2. Transfer cash to another account. : > 3. Buy stock from cash in recipient account. : >

: >

: OK, thanks, I'm sure that would work but it's not clear from the : statements that your three steps occurred. There is no visible 'middle' : account. It's just div in fund A paid $ to money market B, say 50 shares : at $1 each. Money market acct B isn't exactly cash. Does this info : change your recommondation? It's a bit more robust explanation. I'm not : eager to create a virtual cash acct to handle this kind of thing, which : almost sounds like what I'd have to do per your suggestion.

When I answered previously, I did wonder why that wasn't an option (my version is Quicken XG 2006) in the 'enter transactions' screen. I have now checked, and can manually type it in to the one-line entry area, and it gives me a 'transfer account' field. So this may be more like what OP was looking for, but does not reduce number of transactions, of course, because he still has to enter the buy transaction of money fund units... So it's either transfer-out on receipt of dividend, or transfer-in on purchase of MF.

-vcard

: > Nevertheless, the last two steps can actually be combined into one. Instead : > of doing a separate cash transfer of step 2 below, when you buy the stock in : > acct 'B', use a BoughtX transaction. That is, instead of "use cash from : > this account's balance", click the other option which allows you to enter : > the transfer account 'A' that the cash came from. : >

: > vcard : >

: > : > 1. Stock paid a dividend in cash : > : > 2. Transfer cash to another account. : > : > 3. Buy stock from cash in recipient account. : > : >

: > : >

: > : OK, thanks, I'm sure that would work but it's not clear from the : > : statements that your three steps occurred. There is no visible 'middle' : > : account. It's just div in fund A paid $ to money market B, say 50 shares : > : at $1 each. Money market acct B isn't exactly cash. Does this info : > : change your recommondation? It's a bit more robust explanation. I'm not : > : eager to create a virtual cash acct to handle this kind of thing, which : > : almost sounds like what I'd have to do per your suggestion. : >

: >

: >

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